Plans have been unveiled for the Grand Palais’s €466m, three-year renovation, Art Newspaper reports. “At the end of 2020, just over a century after its creation, the Grand Palais will turn a page in its history and begin a transformation that will allow it to finally enter the 21st century,” culture secretary Françoise Nyssen says.
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Collector’s Birthdate: b. 1944
Berardo is a Portugese businessman who has amassed a fortune worth over $1 billion from, gold mining in South Africa. He is also an active stock trader. Recently, he opened up his extensive art collection to the public, displaying works by artists like Picasso, Dali and Miro at the newly opened Museu Berardo in the Centro Cultural de Belem in Lisbon.
Though auction houses like Christie’s and Sotheby’s have pursued his collection, valued at more than $400 million, he has never sold a work of art. Other artists included in his extensive collection of over 1,000 works include Pop Art by the likes of Warhol and Lichtenstein, Realist pieces by Bacon and Balthus as well as several works by Minimalist artists. In 2007, he tried to purchase the futbol club S.L. Benfica.